Full Service Bookkeeping Service

We offer a number of services to take the load off your plate, so that you can focus on growing the business and focusing on your customers:

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• Maintaining Financials - To effectively run your business, you need to know how your business is performing.  This would include knowing whether you are profitable and / or whether you have adequate cash to sustain your business for the long term.  Maintaining your financial records accurately is crucial to achieve this outcome.  Financials are also a prerequisite to preparing your taxes.  Sometimes this may require you to have specialized accounting and tax treatment knowledge.  We can take your transaction information and maintain the financials on a regular basis.

• Notice-to-Reader (NTR) – If you are to use your income from your business, as income for your mortgage application or any borrowing, the bank may ask you to provide a NTR (notice to reader).  NTR is a publication of your financial statements, that the bank will use to confirm your business financial position and income.  As Chartered Accountants, we are qualified and experienced to produce NTR.  This will allow you to prove your business income for your personal borrowings and to buy your dream home.

• Bank and Credit Card Reconciliations - Your business transactions need to correspond to your business banking and credit card statements.  This also ensures that you do not have unwanted transactions in your bank accounts or your credit card balance.  Reconciling can be a daunting and time consuming task for business owners.  We can take your bank and credit card statements and your financials to perform bank reconciliations. 

• Payroll Processing - Every employee expects to be paid correctly and on time.  To complicate matters, there are complex tax calculations and other deductions that need to be accurately performed.  Navigating through different payroll deductions, tax calculations can be time consuming and complex.  We can handle the payroll processing for you, so that your employees are happy with an accurate pay-check and you can spend your time on running your business.

• Payroll Filing - The government requires you to accurately file employee payroll information, such as WSIB (Workplace Safety and Insurance Board) and tax filings, on time.  Again, there are complex rules surrounding these filings.  We can certainly help you and take care of these filings for you, so that you remain compliant, while focusing on your business.

• HST / Sales Tax Calculation and Remittance - If you having sales, you will invariably be required to calculate and remit sales taxes such as HST to your respective tax authorities.  To calculate HST, you need to calculate your input tax and output tax.  Using your financials, sales and purchase records, we can accurately calculate your sales tax and remit to the government.  

• Government and Creditor Filings (WSIB, EHT etc) – From time to time you may be required to comply with government filings, such as the small business assistance programs during the pandemic.  Again, having accurate financials is a prerequisite for this activity.  However, these filings require you to take your financial information and perform calculations and analysis.  We can help compile these additional filings, based on your financial records, so that you don’t have to worry about learning a whole new subject.

• Accounts Payable – To run a successful business, you need to keep your vendors happy by paying them on time.  Sometimes you even get discounts for paying on time!  Accurate picture of your payables is essential to running and growing your business.  It takes time and effort to maintain accurate Accounts Payable records.  We can take that burden off your hands and maintain it for you, so that you can have healthy and productive supplier relationships.

• Accounts Receivable - You need your customers to pay you on time, so that you have cash flow to run your business, pay yourself and pay your employees.  Managing accurate records about what your customers owe you, help you to collect your money on time.  Again, we can take this burden off your hands, so that you know exactly how much you need to collect and what is outstanding.

• Other Accounting Services – While the above list does not cover everything, we offer complete accounting services to run your business.  You don’t need a dedicated finance and accounting team.  We will provide the required services, so that you can focus on running your business.